Hollywood Writers and Studios Reach Agreement to End Strike

Hollywood studios and writers are reportedly close to reaching an agreement to end the Writers Guild of America strike, with negotiations set to continue on Thursday. If a deal is not reached, the strike could potentially last until the end of the year. The strike, which has been ongoing for over 100 days, has disrupted the production of TV shows and movies, including popular titles like "Stranger Things" and "Blade." The writers are seeking higher compensation and new rules regarding staffing and compensation throughout the production process. The strike has impacted media companies' earnings, with Warner Bros. Discovery adjusting its expectations by $300 million to $500 million.